Garmin Ltd. (GRMN) has been churning out continuous industry-shaking developments with the tendency to underperform the market. Despite receiving downgraded ratings from Morgan Stanley and Barclays based on growth concerns, Garmin's market resiliency is undoubted. An interesting trend to observe is the level of institutional activities from various Funds and Advisors, ranging from increasing to decreasing stakes in the GRMN stock. Visible gains in the stock price are promising, thereby validating the sentiments of Jim Cramer, who acknowledged Garmin Ltd as the 'Real Deal'. Having outpaced the S&P 500, the company has consistently raised its dividends to $0.75. Although Garmin's valuation is questioned to be overvalued and facing margin headwinds, it remains the favorite amongst institutional investors who own 56%. Key recognitions received include being tagged the Most Innovative Marine Company for two years straight, and the 2024 Manufacturer of the Year by NMEA for the 10th year running. Garmin harbors potent growth characteristics - unveiling the Lily 2 Smartwatch, innovative LED flashlight technology, fusion Apollo Marine Speakers, and advanced tech to prevent runway incursions. The co-founders received induction into the prestigious National Aviation Hall of Fame, underscoring its long-term growth potential.
Garmin Ltd GRMN News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 08:57:41 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor -4
